According to the International Finance Corporation’s 2023 Country Climate and Development Report, businesses with clear ESG strategies attract 20–25% more investment than those without ESG strategies.
Many banks have established green transition steering committees, embedded the ESG criteria in their business strategies, and expanded funding for environmentally-friendly sectors.
As of March 2025, 58 credit institutions in Vietnam had outstanding green loans, a sharp increase from 15 in 2017. The average growth rate of outstanding green loans in the 2017-2024 period reached over 21% per year, higher than the growth rate of outstanding loans for the economy.
The partnership builds on prior collaboration, with UOB Vietnam previously funding NAVICO’s installation of rooftop solar power systems at its aquaculture facilities.
Luxembourg expressed support for Vietnam to develop international financial centres during Permanent Deputy PM Nguyen Hoa Binh's visit to the European country.
Vietnam still lacks specific and distinctive green financial products. While the legal framework is relatively complete, it remains inconsistent overall, particularly in areas such as green classification and green project certification.
The effective mobilisation and allocation of financial resources from different sectors is important and urgent for the promotion of green capital serving sustainable development, according to experts.
The promotion of green and sustainable financial development has created both new opportunities and challenges for the financial system in Vietnam, according to experts.
Green financial capital flows in the international market are substantial and investors are highly interested in investing in Vietnam. Nevertheless, Vietnamese enterprises continue to face significant challenges in accessing this capital, experts have said.
Vietnam needs a clear regulatory framework and solutions to promote the green finance market and encourage private capital flows into green fields, experts have said.
Vietnam and Luxembourg are celebrating the 50th anniversary of their diplomatic relations (November 15, 1973 - 2023), which is believed to herald a new chapter of their ties that Vietnam should optimise in the time ahead.
The ADB-supported project is crucial to helping advance the access to finance of small- and medium-sized enterprises (SMEs) and women-owned and -led organisations.
Commercial banks in Vietnam have been actively offering loans for green projects and expanding green credit through mobilising capital from international credit institutions.
Vietnamese Minister of Finance Ho Duc Phoc has expressed wish to learn from Belgium’s experience in green finance as Vietnam's green bond market is now in the early stage of developing a legal framework and launching pilot projects.
The green economy and sustainable development are inescapable global trends, and businesses need to embrace them to meet the increasing demands in the domestic market and mounting pressure from foreign markets, heard the recent “Green Trade Forum” in Ho Chi Minh City.
The Monetary Authority of Singapore (MAS) has announced that to decarbonise the economy, Singapore will expand its focus, which is now solely on green finance, to the one that also includes transition finance by mapping out clear definitions, encouraging innovation and extending grants.
Prime Minister Xavier Bettel and a high-ranking delegation of Luxembourg left Vietnam, successfully concluding their official visit to Vietnam from May 3-5 at the invitation of Prime Minister Pham Minh Chinh.
Prime Minister Pham Minh Chinh and his Luxembourg counterpart Xavier Bettel held talks in Hanoi on May 4, affirming both sides’ wish and determination to lift bilateral relations to a new development stage that is more substantive and effective.
